Crypto majors stuck in tight range as altcoin rotation picks up steam
Bitcoin remains within a tight trading range between $76,000 and $78,000 as altcoins experience significant movement. AI tokens like NEAR and FET have surged, while privacy coins have faced selling pressure. The overall market shows reduced volatility, with derivatives indicating a cautious approach among traders.
- ▪Bitcoin is currently trading between $76,100 and $78,000, reflecting a lack of volatility.
- ▪AI tokens NEAR and FET have seen substantial gains, with NEAR increasing by 28.5%.
- ▪Privacy coins DASH, ZEC, and XMR have experienced a decline, indicating a shift in investor interest.
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| Canonical URL | https://www.coindesk.com/markets/2026/05/22/crypto-majors-stuck-in-tight-range-as-altcoin-rotation-picks-up-steam |
| Publication time | Fri, 22 May 2026 10:23:48 +0000 |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto majors stuck in tight range as altcoin rotation picks up steamBitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets.By Oliver Knight, Omkar Godbole|Edited by Jamie Crawley May 22, 2026, 10:23 a.m. 3 min readMake preferred on Bitcoin price (CoinDesk Data)What to know: AI tokens NEAR (+28.5%) and FET (+11.4%) led Friday's altcoin action as speculative flows rotated out of privacy coins DASH, ZEC and XMR, which shed much of their early-week gains.HYPE hit a record high after rallying ~60% since Tuesday, driven by heavy short liquidations and institutional demand following the launch of U.S.
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